UK recession over as economy grows in Q3

Britain's economy grew by a bigger than expected 1 percent between July and September, ending a shallow nine-month recession.

hidden December 20, 2014 13:48:44 IST
UK recession over as economy grows in Q3

London: Britain's economy grew by a bigger than expected 1 percent between July and September, ending a shallow nine-month recession.

UK recession over as economy grows in Q3

Agencies

The figure announced Thursday by the Office for National Statistics beat the market consensus forecast of 0.6 percent growth.

The ONS says the result brought economic output back to the same level of a year ago.

The statistics agency says the Olympic Games probably gave the economy a boost but it gave no estimate of that effect.

AP

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